LimeFx forex broker: The Life and Death of LimeFx UK Forex Brokers

Last year, the company introduced LimeFx Mobile Application in an effort to provide traders with unbeatable financial markets’ information. Standard accounts are simple, convenient, and straightforward to use hence perfect for newbies. New Traders can begin with Standard demo trading accounts where they have an opportunity to try Forex without risking their hard-earned money. Premium accounts come with personal managers and are ideal for experienced traders.

You can check out our different forex trading accounts here and if you’re only just starting, we suggest you open a demo account to start practicing how to trade without risking any real money. After the establishment of LimeFx UK, the new company got a license from the UK regulatory authority, the Financial Conduct Authority in 2006. This allowed them to open other offices and branches in several European countries. LimeFx UK was operating with high professional standards and the performance was pleasing for their customers. I was one of their clients and having traded with them for about eight years, I can say that they were one of the 15 brokers in the industry.

LimeFx Review Conclusion

Many brokers faced huge losses since they had to cover negative balances themselves… some of them even bankrupted! LimeFx UK was the biggest name of the industry to file for bankruptcy yet. These brokers asked the clients to pay the debts, but traders quickly organized into groups asking national regulators to open enquiries limefx and hire legal firms to represent them against the brokers. IG lost about $45 million; LimeFx was rescued and taken over by Jefferies after its shares fell 98% with $225 million in debt; LimeFx UK was forced to file for bankruptcy. It entered the liquidation process and the company that had to take over the process was KPMG.

• Claim your profile to access Trustpilot’s free business tools and connect with customers.
• More importantly, CFDs can also be used by more advanced traders to hedge.
• Internal Transfers – The broker offers the option of account-to-account transfers in USD, GLD, and EUR.
• While beginners can start with demo accounts, seasoned traders can open PAMM accounts and earn extra income.
• Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information.
• This led to the formation of an international market on which currency could be exchanged and traded freely.

Whenever traders withdraw their profits, they will lose some of the alps in their capital wallet. It is a member of the Financial Commission, which settles disputes between traders and their brokers. We are sorry for having given you such bad experience of communication with our support service team. We would be very grateful if you told us when you had contacted us and your account number.

LimeFx Trading conditions

Based on Our finding LimeFx accept Bitcoin as a payment methods or Crypto Deposit, yet we advise to verify with customer support. In addition, traders within the LimeFx are able to perform account-to-account transfer in USD, EUR, and GLD currencies with no commissions. While the LimeFx trading fees, which are built into the LimeFx spread considered to be on a very competitive level among the market offering, you can check out and compare LimeFx fees to FP Markets. The biggest negative LimeFx side is regulation, there is no serious license, trading fees for some instruments might be higher, and there is no 24/7 support. For novices who have just taken their first steps onto the Forex market, we recommend enrolling on one of our educational courses. The courses will teach you not only the basics of the foreign exchange market, but also methods of analysing it and how to avoid common pitfalls.

Opening an account appears simple by first selecting the denomination in which you want to trade, i.e. dollars, euro, etc. From there, you will simply enter the required data such as name, country of citizenship, and mobile phone number. After that, you will confirm your information and continue with opening your account.

Join an industry leader and trade over 250 Forex & CFD instruments that keep the world moving.

There seems to be a healthy selection of offers and bonuses for those interested. Trader Central offers forecasts as well as the latest technical analysis. The Autochartist signal service is designed to analyze charts and emerging patterns without human intervention to help traders predict market outcomes. With all these tools, both experienced and newbie traders benefit a lot. To accommodate the needs of traders who are always on the go, both MT4 and MT5 trading platforms are compatible with mobile trading apps. As a result, traders can visit Apple App Store or Google Play Store to download trading applications.

Though LimeFx trading fees are quite transparent, there are different types of charges that the traders must be aware of, if they are trading with LimeFx. We have currency pairs, indices, commodities, metals, energies, stocks and so on. Our Ranked limefx reviews LimeFx Safety Score is 6 out 0f 10 for good service along the years of operation, also quite good reputation. The LimeFx minimum deposit for the Standard account is $100 or a currency equivalent, but the Micro version is available for $5.

Electronic Payments – LimeFx allows traders to withdraw their profits through Skrill, WebMoney, Online Banking, FasaPay, and Neteller. The commission depends on the preferred withdrawal method, but Neteller is a commission free method and FasaPay has a low commission of 0.5%. The funds reach traders’ accounts in one business day for all methods except Online Banking, which takes 2 working days. Standard.MT4 – The standard account is very popular among seasoned as well as new traders.

ecn.mt4

Overall, LimeFx appears to be a solid broker and allows you to trade on the various platforms. Ensuring it is the right fit is important, and not only that but a demo account allows you to test your strategies before committing financially. Forex can be an intimidating market, yet it is the most liquid and widely traded. LimeFx does a good job offering their clients different educational pieces.

More than a million clients have chosen LimeFx as their trusted provider of Forex services. LimeFx is regarded as the world’s largest MetaTrader based broker. The MT4 trading platform has been proven to be extremely reliable and powerful. The MT4 platform comes with numerous trading tools all designed to make the life of an online trader easier.

LimeFx is an international forex and CFDs broker that was established in 1998. Over the last decade, the broker has expanded its operations to cover more than 150 countries and serves in exccess of more than 2 millions clients. LimeFx also maintains a local presence though https://limefx.name/ branch offices or representative offices in 31 different cities around the world. However, the broker’s presence is mostly concentrated around major European cities such as Ankara, Berlin, Dublin, Helsinki, Kiev, Lisbon, Madrid, Nicosia, Oslo, Paris, Rome and Vienna.

Some of these benefits include being assigned a personal manager and LimeFx consultant and an advance of up to $10,000 on their trading account. Apart from the above mentioned promotional offers by LimeFx, traders who are currently using UnionPay to deposit their funds will be entitled to full deposit commission compensation. For traders who love a bit of competitive spirit, they can participate in the trading contests held by LimeFx. Winners of these trading contests will be entitled to attractive cash prizes. With LimeFx, traders can access the financial markets 24 hours a day during the entire trading week.

LimeFx International is a global online crypto trading platform and an asset broker developed in 1998. The leading company is situated in St. Vincent and the Grenadines. It has successfully expanded its business over the last 23 years, and now LimeFx Forex trading is also available to retail investor accounts. LimeFx has also won the Best Forex Broker award at Smart Vision LimeFx Expo 2022 in Egypt.

It enables the use of LimeFx copytrade and trading robots or automated trading systems. Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. LimeFx offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokersin the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only.

So once you need to fund a live trading account, you’ll have a selection through major payment options along with special offers from the company, for commission-free deposits. However, few options may be eligible for fees, thus check it with customer service as to your applicable region. Newcomers to forex trading should always use a broker who is a) regulated and b) has a five-year track record, minimum.

Both brokers have a spotless regulatory record, placing them on the same trustworthy and reliable platform. LimeFx maintains a more efficient combination of regulation and protection, granting traders a more competitive trading environment following a series of business missteps. Advanced charts are included in the proprietary trading platform through a partnership with TradingView. The LimeFx MT4 Open Order feature shows market sentiment based on this broker’s order book.

Another point of appreciation is the collection of trading instruments offered at LimeFx. LimeFx international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems. The application can be downloaded directly from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area. The standard LimeFx account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFx MT4 account.

A feature that continues to grow in popularity as financial technology expands is trading signals. Simply put, this is a feature or tool that indicates when a potential buy or sell opportunity has presented its self. The added benefit to this is there are different types of signals for different styles of trading. The first platform covered by LimeFx is MetaTrader 4, which is a widely used and recognized platform. According to LimeFxo, millions of traders utilize the rich functionality of this platform.

LimeFx Overall Ranking is 7 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. Daily analytical reviews and news updates, along with ready-to-use trading ideas on LimeFx’s website will help you make the right decisions when trading Forex. With education from LimeFx, you will gain valuable theoretical knowledge which you will be able to apply when trading. Moreover, you will find out about money management, learn to keep your emotions under control, discover how trading robots can be useful, and much more. You can take part in our courses online from the comfort of your own home.

Whenever registered users invest funds, buy trades, and deposit funds, they will receive points that can be redeemed for real money. To join the loyalty program, traders only have to create an online trading account. Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their LimeFxs. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task. In this LimeFx review, we will dive deeper into LimeFx’s features, pros and cons, the account opening process, deposit and withdrawing processes, and many more.

LimeFx enjoys a market-leading position in North America but at the cost of an uncompetitive trading environment in the rest of the world. This broker executes its business model properly and is undoubtably a solid choice for North American traders. That being said, global traders will likely find the offerings at LimeFx more enticing. Open an accountIf you have never worked with Forex before, you can get acquainted with the ins and outs of currency trading on a demo account with virtual funds. With a demo account, you’ll be able to explore the Forex market from within and develop your own trading strategy. Sign up for a demo account today, and take your first steps into the exciting and highly profitable world of forex trading.